The USDCHF has moved lower this week — reflecting a stronger Swiss franc — following reports that the U.S. and Switzerland are nearing an agreement to reduce tariffs on Swiss imports to the U.S. from 39% to 15%. Back in August, the Trump administration unexpectedly imposed the steep 39% rate in response to what it described as a “trade imbalance.” The apparent reversal may be linked to the imminent Supreme Court decision on whether the president has the authority to unilaterally raise tariffs on national security grounds. Regardless of the motive, the Swiss franc has strengthened notably in recent days as investors react to the potential easing in trade tensions.Today, the price attempted a correction higher but stalled technically at key resistance levels — specifically the 100-bar moving average on the 4-hour chart and the broken 38.2% retracement of the range from the September low, both near 0.80107. Since then, the price has fallen back below the 200-bar moving average at 0.7995, which also puts it under the key psychological 0.8000 level — a natural area of both support and resistance depending on positioning.Staying below 0.8000 keeps the short-term bias tilted to the downside, with that level now serving as a close risk marker for sellers. On the downside, the 50% midpoint at 0.7975 aligns with prior swing levels from recent weeks. A break below 0.7975 would strengthen bearish control and increase downside momentum. This article was written by Greg Michalowski at investinglive.com.